Period of Holding. Once the Board (or appropriate Board committee) has certified the performance conditions for the Restricted Stock have been met, and subject to the terms and conditions of the Plan and this Agreement, the Recipient shall be entitled to receive his or her shares of Common Stock and have the legend removed from his or her Common Stock certificate(s), if applicable, on the schedule below, subject to the Recipient’s continuous employment through each applicable Holding Date: Period of Holding Award Amount Holding Date Tranche 1 representing one-third of the total vested shares of Restricted Stock First anniversary of Award Date (or, if later, on the date of the Board (or Board committee) certification described above) Tranche 2 representing one-third of the total vested shares of Restricted Stock Second anniversary of Award Date Tranche 3 representing one-third of the total vested shares of Restricted Stock Third anniversary of Award Date Notwithstanding the foregoing, the Committee, in its sole discretion, may accelerate the Holding Date of all or a portion of the Restricted Stock, at any time and from time to time, including for purposes of tax withholding as set forth in Section 12 of this Agreement.
Period of Holding. Supplier is required to manufacture spare parts for a period of 10 years after end of serial production. Supplier is authorized to keep this tooling for the time necessary to carry out this obligation.
